You can find information here about such things as share history, per-share data, the repurchase of shares and our dividend policy.
Wallenstam’s share capital amounts to SEK 165,000,000.
Share capital trends
|Year||Issue||Change in share capital, SEK||Share capital, SEK||Number of shares||Nominal value, SEK|
|1984||Bonus issue 9:1||1,800,000||2,000,000||2,000||1,000|
|1984||New share issue 1:2 à SEK 32||1,000,000||3,000,000||3,000,000||1|
|1986||Bonus issue nom. SEK 1 to 10||27,000,000||30,000,000||3,000,000||10|
|1986||New share issue 1:3 à SEK 75||10,000,000||40,000,000||10,000,000||10|
|1987||Bonus issue 1:1||40,000,000||80,000,000||8,000,000||10|
|1995||New share issue in specie à SEK 43||109,302,320||189,302,320||18,930,232||10|
|2000||Redemption of shares||-9,396,690||-9,396,690||17,990,563||10|
Data per share
The completed share split, like the repurchases we carry out, aim to make the share more attractive. Through the share split, it will be possible for more persons to buy and own a larger block of shares. We have a lot of capital and the buybacks are a way of using it to benefit the company.
REPURCHASE OF SHARES
Wallenstam is mandated through resolutions at AGM’s to repurchase Wallenstam shares. The purpose is to enable any possible acquisitions to adjust the company’s capital structure and thus contribute to the more efficient use of the company’s resources. Wallenstam has used this ability through regular repurchases since the year 2000.
Wallenstam’s repurchases are based on resolutions passed each year at the AGM. The AGM authorizes the board to take decisions concerning the acquisition of the company’s own shares, with certain restrictions.
Wallenstam’s repurchases are announced on completion of the purchase. The latest information is available on the Stockholm NASDAQ website, which is updated daily.
A number of restrictions apply to repurchases. These derive from AGM resolutions, legislation and other regulations. The limitations are:
- The 10 per cent rule: Wallenstam may own no more than 10 per cent of its own shares at any given time.
- Non-restricted equity: Only non-restricted equity may be used to repurchase the company’s own shares.
- The insider rule: No purchases may take place for a period of 30 days before the report date and on the reporting date itself. During this period, Wallenstam is considered to have such good information about profit or loss that it is deemed an insider.
- Share price range on the stock exchange: The acquisition of shares through trading on the stock exchange may only take place at a share price within the price range prevailing at the exchange at any given time, meaning the spread between the highest purchase price and the lowest selling price.
- Payment for shares must be made in cash.
- General repurchasing regulations: Worth mentioning among such regulations is the fact that Wallenstam may not influence trade in its own shares by purchasing more than 25 per cent of the average daily share turnover for the four previous calendar weeks. Exceptions are made for so-called block transactions.
Reported earnings must be re-invested primarily in operations to enable continued development of the Group’s core business and thus engender asset value growth. The ambition is also for operations to provide a stable level of dividends over the long term. However, the distributable amount must never exceed realized profit before unrealized changes in value and impairment charges after the standard tax rate.
When determining the size of the dividend, consideration must be given to the company’s investment requirements, its equity/assets requirements, its position in general and the ability of the Group to develop while maintaining its financial strength and freedom of action.